Financial accounting   Essay example
Finance & Accounting
Pages 16 (4016 words)
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Financial accounting 1
Contents 2
Introduction 4
Objectives of the Project 4
Scope of the Project 5
Part A 5
Background of Sainsbury & Tesco 5
Comparative Price Movements 6
Comparative Ratio Analysis 7
Profitability Analysis 8


Liquidity Analysis 12
Investment Analysis 13
Part B 15
Findings 15
Recent Developments 16
Recommendations 17
Part C 17
About IASB & FASB 17
Transitional Reliefs 18
Conclusion 19
References 20
Appendices 24
This project is divided into three parts. The first part includes the comparative analysis of the two UK-based companies- J Sainsbury Plc and Tesco Plc, based on the financial statements and other relevant information provided in the companies’ 2011 annual reports. This includes the ratio analysis and share price movements along with the FTSE 100 movements for the past four weeks. The second part includes the findings based on the financial analysis from the first part and the recommendations which follow from the findings as to which company has potential for better long-term investment. The third part of the project has the brief history of International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) and a list of transitional reliefs granted by the two boards for the retrospective application of a new revenue standard to ensure the comparability of revenues across all reporting periods.
Objectives of the Project
The objectives of this project are:
• To make a comparative analysis of Sainsbury and Tesco with the help of ratio analysis, share movements and related industry news
• To recommend which company would be better for long-term investment. ...
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